Last week I sold my Qurate position (US, tele/online shopping, $4.1B MCap, buy date: March 23, 2021) with a -16% pre-tax total return. The stock entered 2021 with strong momentum and was (and still is) one of the cheapest high quality names in the US market. However, the momentum collapsed and the stock is in a downtrend since June. Many investors, especially on Fintwit, are loyal to the company and its stock. Nobody seems to really understand why the stock is trading like that recently (neither do I). However, I don’t judge and usually Momentum is right. If Momentum comes back, I will reinvest.
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Rebalancing October 14/15: Selling Qurate…
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Last week I sold my Qurate position (US, tele/online shopping, $4.1B MCap, buy date: March 23, 2021) with a -16% pre-tax total return. The stock entered 2021 with strong momentum and was (and still is) one of the cheapest high quality names in the US market. However, the momentum collapsed and the stock is in a downtrend since June. Many investors, especially on Fintwit, are loyal to the company and its stock. Nobody seems to really understand why the stock is trading like that recently (neither do I). However, I don’t judge and usually Momentum is right. If Momentum comes back, I will reinvest.